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$ 1,499,000
Est. payment | /mo
2,665 Sqft Lot
$ 1,499,000
Est. payment | /mo
2,665 Sqft Lot
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 936465
Rental Info No
Year Built 1925
Annual Tax Amount $21,925
Lot Size 2,665 Sqft
Acres 0.0612
Property Sub-Type Multi Family
Source onekey2
Property Description
Welcome to 765 East 9th Street — a rare, long-held 6-family building in the heart of Midwood, Brooklyn.
Owned by the same family for nearly 60 years, this exceptionally well-maintained property offers tremendous versatility, strong income, and the opportunity to add significant value. Currently used as a 5-family, the building can easily be converted back to its original 6-family layout, making it ideal for both investors and end-users.
The first-floor features a large combined owner's apartment, created from two units and never rent stabilized—allowing the future owner to establish first rent if reconfigured. This expansive residence offers 8 well-proportioned rooms, including a kitchen, dinette area, living room, formal dining room, 4 bedrooms, and 2 full bathrooms. Whether used as a spacious owner's suite or restored into two separate units, it provides extraordinary flexibility and value.
The second and third floors each contain two apartments per floor, with every unit offering 4 rooms total, including 2 bedrooms, serving long-standing, reliable, good-paying tenants.
The property also includes a full semi-finished basement, featuring:
Laundry room
3/4 bathroom
Boiler/utility room
Large open room with direct access to the rear yard
With strong existing rents, stable tenancy, and additional upside potential, this building is an excellent income-producing investment, with the ability to reach an estimated 4.3% cap rate.
Located on a quiet residential block near Kensington and surrounded by transportation, houses of worship, shopping, and schools, 765 East 9th Street is truly a rare opportunity in an in-demand neighborhood.
First time on the market in decades — don't miss it!
Owned by the same family for nearly 60 years, this exceptionally well-maintained property offers tremendous versatility, strong income, and the opportunity to add significant value. Currently used as a 5-family, the building can easily be converted back to its original 6-family layout, making it ideal for both investors and end-users.
The first-floor features a large combined owner's apartment, created from two units and never rent stabilized—allowing the future owner to establish first rent if reconfigured. This expansive residence offers 8 well-proportioned rooms, including a kitchen, dinette area, living room, formal dining room, 4 bedrooms, and 2 full bathrooms. Whether used as a spacious owner's suite or restored into two separate units, it provides extraordinary flexibility and value.
The second and third floors each contain two apartments per floor, with every unit offering 4 rooms total, including 2 bedrooms, serving long-standing, reliable, good-paying tenants.
The property also includes a full semi-finished basement, featuring:
Laundry room
3/4 bathroom
Boiler/utility room
Large open room with direct access to the rear yard
With strong existing rents, stable tenancy, and additional upside potential, this building is an excellent income-producing investment, with the ability to reach an estimated 4.3% cap rate.
Located on a quiet residential block near Kensington and surrounded by transportation, houses of worship, shopping, and schools, 765 East 9th Street is truly a rare opportunity in an in-demand neighborhood.
First time on the market in decades — don't miss it!
Location
State NY
County Kings (brooklyn)
Rooms
Basement Full, Partially Finished, Walk-Out Access
Interior
Heating Oil
Cooling None
Fireplace No
Exterior
Parking Features None
Utilities Available Electricity Available, Natural Gas Available, Natural Gas Connected
Building
Story 3
Sewer Public Sewer
Water Public
Structure Type Brick
Others
Special Listing Condition None
Listed by Triolo Realty Group Inc • AnnMarie Triolo SRS C2EX
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "